Oct 13 2021

Texas Daily Ag Market News Summary Posted 3 years 46 days ago by Administrator Account

Daily Market Summary for October 13^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in the Texas Panhandle. In Kansas negotiated cash trading has been slow with moderate demand. Compared to last week live purchases traded steady at 124.00 in both regions. So far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been slow on moderate demand. In Nebraska live purchases traded steady to 2.00 higher at 124.00 and dressed purchases traded steady at 196.00, when compared to the prior week. In the Western Cornbelt a few live and dressed purchases traded from 123.00-124.00 and at 196.00, respectively. However, not enough purchases for a full market trend. For previous week in the Western Cornbelt live and dressed purchases traded at 122.00 and from 193.00-196.00, respectively. A light test of purchases was noted in all of these feeding regions.

 

Negotiated Sales:

Confirmed:         39,039    

Week Ago:          40,133

Year Ago:              4,434

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,800

Weighted avg. weight:       863.00

Weighted avg. net price:    204.89

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                120,000

Week ago (est)                   121,000

Year ago (act)                     121,000

Week to Date                      361,000

Same Period Last Week    363,000

Same Period Last Year      361,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 280.02… -1.05

Select:  258.70… -2.65

Choice/Select Spread: 21.32

Total Load Count: 171

 

Cutter Cow Cutout:

232.24… -0.85

 

CME Feeder Cattle Index for October 12^th:

154.26… +0.11 / +0.07%

1 Year Change: +9.47%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.77… -0.25

December: 129.00… -0.25

February: 133.55… -0.70

 

Feeder Cattle:

October: 157.65… -0.92

November: 160.97… -0.83

January: 161.45… -1.32

 

December Hogs: 78.15… -0.02

November Crude Oil: 80.44… -0.20

December Corn: 5.1225… -0.1025

December Wheat: 7.1875… -0.1525

 

Grain Cash Bids:

Omaha Corn: 5.18… -0.10

Kansas City Wheat: 6.89… -0.18

 

Financial Markets:

DJIA: 34,382.69… +4.35

S & P 500: 4,362.54… +11.93

NASDAQ: 14,563.26… +97.99

U.S. Dollar Index: 94.02… -0.50